Southwest Gas Holdings, Inc.

ladies and gentlemen good day and welcome to the southwest gas holdings third quarter 2022 earnings conference call at this time all participants are in a listen-only mode a question and answer session will follow the prepared remarks if you would like to ask a question at that time please press star 1 on your telephone keypad as a reminder today's conference is being recorded i would now like to turn the call over to thomas moran Vice President, General Counsel, and Corporate Secretary for Southwest Gas Holdings. Please go ahead, sir.

Thank you, Jess. Hello, everyone, and welcome to the Southwest Gas Holdings third quarter 2022 earnings call. Throughout the call, we will be referencing presentation slides, which have been posted on our investor relations website. I am joined on today's call by Karen Holler, President and CEO of Southwest Gas Holdings, Justin Brown, President of Southwest Gas Corporation, Paul Daly, President and CEO of Century Group, and Greg Peterson, Senior Vice President and Chief Financial Officer. Please note that on today's call, the company will address certain factors that may impact this year's earnings and provide some longer-term guidance. Some of the information that will be discussed today contains forward-looking statements. These statements are based on management's assumptions, which may or may not come true, and you should refer to the language on slide 25 of this presentation and the press release, as well as our SEC filings for a description of the factors that may cause actual results to differ from our forward-looking statements. All forward-looking statements are made as of today, and we assume no obligation to update any such statements. I'll now turn the call over to Karen.

Thanks, Tom. I'm pleased you're joining us today to discuss the Southwest GAS holding's third quarter results. Turning to slide four, I'd like to provide a brief strategic update. Earlier this week, we announced that Robert Stefani will be joining Southwest GAS as Senior Vice President and CFO effective November 30, 2022. Rob was most recently CFO and Treasurer at Pico Energy, an excellent company. And we are pleased to be bringing in such an accomplished leader to join our team. Rob is strategically oriented and brings strong skills in financial planning and analysis, operational finance, accounting, and treasury functions. As previously announced, Greg Peterson will be retiring from his position as CFO on November 30th. We want to thank Greg for his 27 years of dedication and contributions to Southwest Gas. We are continuing to review strategic alternatives for Mountain West and Sentry, including a sell or spinoff of Sentry. I appreciate that many of you are looking for an answer today regarding the timing of the strategic process. We are in the later stages of the process and remain actively engaged. We do not plan to provide additional details regarding the process, the timing, or speculate on potential outcomes while the process is ongoing. Our objective remains to maximize value for all stockholders, and we are expeditiously working toward that objective. Additionally, as previously announced, we have extended our cooperation agreement with Carl Icahn. Now that we've covered that, I'd like to turn to the business. Moving to slide six, all of us at Southwest Gas Holdings are energized by the opportunities we have in front of us. At the utility, we continue to strengthen financial and operational performance to accelerate value creation for our stockholders. We also continue to work to optimize our capital expenditure program. At Sentry, our utility infrastructure segment, we were confronted with significant inflationary pressures and customer supply chain challenges that affected margins during the quarter where we delivered record revenues. Finally, Mountain West remains an irreplaceable critical infrastructure asset that is structurally advantaged and could not be replicated today. Overall, the fundamentals of our business remain strong, even in the face of challenging macroeconomic conditions. Safety and reliability remain a priority as we meet the energy needs of our customers across our portfolio. We are confident our business is positioned for sustained profitable growth as we continue to meet the energy needs of our customers across our three independently strong businesses. Greg will discuss details on the performance of our three segments. But in summary, our third quarter results were broadly in line with expectations for our natural gas distribution and pipeline and storage segments, while our utility infrastructure segment was impacted by inflationary and other pressures. We believe we are well positioned to produce strong outcomes for our customers and the communities we serve and prioritize value creation for our stockholders. Now I'll turn the call over to Justin to discuss the utility.